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Company issues 4,000 ordinary shares with a HK$10 par value at HK$16 per share. When the transaction is recorded, credits are made to a. Share
Company issues 4,000 ordinary shares with a HK$10 par value at HK$16 per share. When the transaction is recorded, credits are made to
a. Share CapitalOrdinary HK$24,000 and Share PremiumOrdinary HK$40,000.
b. Share CapitalOrdinary HK$64,000.
c. Share CapitalOrdinary HK$40,000 and Share PremiumOrdinary HK$24,000.
d. Share CapitalOrdinary HK$40,000 and Retained Earnings HK$24,000.
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